New Issue: Wells Fargo prices $3.33 million enhanced return notes tied to S&P 500

By Devika Patel

Knoxville, Tenn., Dec. 7 – Wells Fargo & Co. priced $3.33 million of 0% buffered enhanced return securities due June 6, 2017 with capped upside and buffered downside linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any index gain, up to a maximum return of $1,127 for each $1,000 principal amount.

Investors will receive par if the index loses by up to 10% and lose 1.1111% for each 1% the index declines beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced return securities with capped upside and buffered downside
Underlying index:	S&P 500
Amount:	$3,325,000
Maturity:	June 6, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 12.7%; par for losses of up to 10%; loss of 1.1111% for each 1% decline in the index beyond 10%
Initial level:	2,102.63
Buffer level:	1,892.367, or 90% of initial level
Pricing date:	Dec. 1
Settlement date:	Dec. 8
Agent:	Wells Fargo Securities, LLC
Fees:	1.67%
Cusip:	94986RA43

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